Apple Moves Delhi HC Against Global Turnover Penalities
Global tech giant Apple has approached the Delhi High Court, challenging India’s competition law provisions that give the Competition Commission of India the power to levy penalties based on companies’ global turnover. The petition is listed for hearing before a Division Bench of Chief Justice Devendra Kumar Upadhyaya and Justice Tushar Rao Gedela on Wednesday….
Himanshu
Indian Firms to Invest $31 Million in AI Adoption
An Indian organisation plans to invest $31 million across IT, infrastructure, talent, and consulting, compared to the global average of $26.7 million. India businesses have always been ahead of the global standard in investing in Artificial Intelligence. Systems, Applications, and Products in Data Processing (SAP) announced a new AI adoption study, which indicated that organisational…
Aman Goyal
India-Canada Prime Minister to Resume Trade Discussions
The Prime Minister of Canada and India met on the sidelines of the G20 Leaders’ Summit in Johannesburg, South Africa, and agreed to resume free trade discussions on Sunday. This brief meeting marks the latest sign of warming relations between the two countries. Prime Minister Modi and his Canadian counterpart Mark Carney decided to “begin…
India’s iPhone Exports Jump 3.44 Million in OctoberÂ
India’s iPhone export surges in October, strengthening the country’s position as a primary manufacturing centre for the tech giant. iPhone has been exported 3.44 million units, according to data from market analyst firm Canalys, a 40 per cent month-on-month increase from September and a 20 per cent year-on-year increase compared to October 2024. The United…
Finance Minister Held A Pre-Budget Meeting With Bankers
Union Finance Minister Nirmala Sitharaman chaired the seventh pre-budget consultation meeting with experts from Banking, financial services, and Insurance in New Delhi in connection with the upcoming Union Budget 2026-27. The Minister of State for Finance, Pankaj Chaudhary, the Secretaries of the Department of Economic Affairs, the Chief Economic Adviser to the Central Government, and…
Vipin
Adani Defence to invest ₹10,000 Cr to Expand Manufacturing
Adani Group, led by Gautam Adani, and Adani Defence & Aerospace are planning to triple their investment over the next few years, initiating a massive increase across major ammunition and defence manufacturing segments, according to a company official. The group is all set to invest ₹10,000 crore across various defence and aerospace businesses over the…
Shipra Prajapati
YouTube Initiates New AI Tools &Â Major Partnership
YouTube has announced a broad range of new AI-enabled features, learning initiatives, and safety tools at its annual YouTube summit, accompanied by new economic impact findings from Oxford Economics. According to the report, YouTube’s creative ecosystem contributed over ₹16,000 crore to India’s GDP last year and rendered over 930,000 full-time equivalent jobs. Gunjan Soni, Managing…
Venezuela to Enhance Beyond Oil in Critical Minerals
The Commerce Ministry announced that Venezuela expressed enthusiastic interest in increasing cooperation on critical minerals with India to attract investment. This was discussed in a meeting between Commerce and Industry Minister Piyush Goyal and Venezuelan Minister of Ecological Mining Development, Hector Silva, in Vishakapatnam, Andhra Pradesh. During the meeting, Venezuela showed interest in enhancing economic…
Manipal Group to Bid For Bankrupt Byju’s Parent Company
India’s Manipal Education and Medical Group announced on Thursday that it had submitted an expression of interest to bid for bankrupt firm Think and Learn, the parent company of Indian education-technology firm Byju’s. Byju’s gained popularity during the COVID-19 pandemic, offering online education courses, and currently operates in more than 21 countries. Its valuation experienced…
Cabinet Agrees to New Royalty Rates For Critical Minerals
India aims to reduce import dependence and vulnerabilities in the supply chain of critical minerals. The Union Cabinet approved on Wednesday, 12 November, the rationalisation of royalty rates of graphite, caesium, rubidium, and zirconium. According to the rationalisation structure, the royalty was previously sought on a per-tonne basis for graphite (i.e., a fixed amount for…
